SouthState Corporation (SSB)
South State Corporation is the banking holding company for South State Bank offering a range of banking products and services. The company is headquartered in Winter Haven, Florida.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 32.75% per annum.
- SSB price at the close of April 28, 2025 was $87.49 and was lower than the bottom border of the primary price channel by $7.59 (7.98%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 39.94% per annum.
- SSB price at the close of April 28, 2025 was inside the secondary price channel.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of SSB price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: April 3, 2023
End date: March 3, 2025
a = 3.2795
b = 0.0008
s = 0.0706
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0008) – 1
= 32.75%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0706) – 1
= 32.64%
April 3, 2023 calculations
Top border of price channel:
Exp(Y737)
= Exp(a + b × X737 + 2 × s)
= Exp(a + b × 1,069 + 2 × s)
= Exp(3.2795 + 0.0008 × 1,069 + 2 × 0.0706)
= Exp(4.2504)
= $70.13
Bottom border of price channel:
Exp(Y737)
= Exp(a + b × X737 – 2 × s)
= Exp(a + b × 1,069 – 2 × s)
= Exp(3.2795 + 0.0008 × 1,069 – 2 × 0.0706)
= Exp(3.9679)
= $52.87
March 3, 2025 calculations
Top border of price channel:
Exp(Y1,216)
= Exp(a + b × X1,216 + 2 × s)
= Exp(a + b × 1,769 + 2 × s)
= Exp(3.2795 + 0.0008 × 1,769 + 2 × 0.0706)
= Exp(4.7937)
= $120.75
Bottom border of price channel:
Exp(Y1,216)
= Exp(a + b × X1,216 – 2 × s)
= Exp(a + b × 1,769 – 2 × s)
= Exp(3.2795 + 0.0008 × 1,769 – 2 × 0.0706)
= Exp(4.5112)
= $91.03
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 32.75% per annum.
- SSB price at the close of April 28, 2025 was $87.49 and was lower than the bottom border of the primary price channel by $7.59 (7.98%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: November 6, 2024
End date: April 28, 2025
a = 7.0175
b = -0.0014
s = 0.0480
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0014) – 1
= -39.94%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0480) – 1
= 21.17%
November 6, 2024 calculations
Top border of price channel:
Exp(Y1,139)
= Exp(a + b × X1,139 + 2 × s)
= Exp(a + b × 1,652 + 2 × s)
= Exp(7.0175 + -0.0014 × 1,652 + 2 × 0.0480)
= Exp(4.8062)
= $122.27
Bottom border of price channel:
Exp(Y1,139)
= Exp(a + b × X1,139 – 2 × s)
= Exp(a + b × 1,652 – 2 × s)
= Exp(7.0175 + -0.0014 × 1,652 – 2 × 0.0480)
= Exp(4.6142)
= $100.91
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(7.0175 + -0.0014 × 1,825 + 2 × 0.0480)
= Exp(4.5646)
= $96.02
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(7.0175 + -0.0014 × 1,825 – 2 × 0.0480)
= Exp(4.3726)
= $79.25
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 39.94% per annum.
- SSB price at the close of April 28, 2025 was inside the secondary price channel.